American stocks stand still after a 2-day rally
After a two-day surge, American stock futures aren’t making big moves and this puts the market on track. Stock traders are waiting for news on jobless claims, factory orders and a non-manufacturing index.
S&P 500 futures were 1.90 points+, trading at 1,985.50. Dow Jones Industrial Average futures also headed for positive territory, where they gained 21 points at 16,889. As for Nasdaq 100 futures, there was a 0.2% rise at 4,339.
On Wednesday, the S&P 500 ended up 0.4% higher. The Dow acquired 34 points or 0.2%. secondly, EU stocks demonstrated mixed performance, while Asian shares traded higher. The key greenback index and golden futures didn’t undergo great changes.
As for initial weekly jobless claims, market participants count on approximately 270,000. The claims reading arise before a far more valuable jobs release. Traders are also waiting for the monthly nonfarm payrolls report, due Friday morning.
Besides this, the market will consider fourth-quarter productivity as well as unit labor costs. Leading economists predict a 2.6% slump and a 3.6% soar respectively.